Scots are moving cash into savings, cutting spending and opting for longer mortgage terms, as they brace for a new wave of cost increases this month.
Analysis of TSB customer accounts has shown that savings balances rose by 6% between October 2022 and February 2023, while current account balances fell 4% in the same period.
Fewer customers fell into arrears - a sign that household finances are increasingly resilient - and the number of transactions on credit cards fell by 13%.
